Urban One, Inc. (NASDAQ:UONEK) Short Interest Update

Urban One, Inc. (NASDAQ:UONEK) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 18,700 shares, a decrease of 39.7% from the February 13th total of 31,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 33,000 shares, the short-interest ratio is presently 0.6 days.

Urban One Stock Performance

Shares of UONEK stock opened at $0.62 on Monday. The stock has a market capitalization of $29.70 million, a P/E ratio of -0.36 and a beta of 0.59. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The firm’s 50 day moving average is $0.81 and its 200 day moving average is $0.99. Urban One has a 12 month low of $0.60 and a 12 month high of $2.17.

Insiders Place Their Bets

In other Urban One news, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now directly owns 8,061 shares in the company, valued at $7,899.78. The trade was a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 50.45% of the stock is currently owned by insiders.

Institutional Trading of Urban One

An institutional investor recently raised its position in Urban One stock. Barclays PLC boosted its position in Urban One, Inc. (NASDAQ:UONEK) by 51.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 757,230 shares of the company’s stock after purchasing an additional 256,205 shares during the quarter. Barclays PLC owned about 1.58% of Urban One worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 19.70% of the stock is currently owned by institutional investors.

About Urban One

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.